RYDAF Shell PLC (PK)

Share of profit/(loss) of joint ventures and associates

^[1]

$ 74,463

$ 72,478

$ 74,578

$ 146,942

$ 161,538

898

1,318

629

2,216

2,210

Interest and other income/(expenses)

^[2]

(305)

907

813

602

1,294

Total revenue and other income/(expenses)

75,057

74,703

76,020

149,760

165,041

Purchases

49,417

46,867

51,492

96,284

108,994

Production and manufacturing expenses

5,593

5,810

6,041

11,403

12,049

Selling, distribution and administrative expenses

3,094

2,975

3,314

6,069

6,365

Research and development

263

212

297

475

550

Exploration

496

750

444

1,246

847

Depreciation, depletion and amortisation

^[2]

7,555

5,881

7,872

13,436

14,157

Interest expense

1,235

1,164

1,211

2,399

2,375

Total expenditure

67,653

63,659

70,671

131,312

145,339

Income/(loss) before taxation

7,404

11,044

5,348

18,447

19,702

Taxation charge/(credit)

^[2]

3,754

3,604

2,195

7,358

7,776

Income/(loss) for the period

^[1]

3,650

7,439

3,154

11,089

11,926

Income/(loss) attributable to non-controlling interest

133

215

Income/(loss) attributable to Shell plc shareholders

$ 3,517

$ 7,358

$ 3,134

$ 10,874

$ 11,843

Basic earnings per share ($ per share)

^[3]

$ 0.55

$ 1.14

$ 0.46

$ 1.70

$ 1.73

Diluted earnings per share ($ per share)

^[3]

$ 0.55

$ 1.13

$ 0.46

$ 1.68

$ 1.71

[1]	See Note 2 “Segment information”.
[2]	See Note 8 “Other notes to the unaudited Condensed Consolidated Interim Financial Statements”. 3
[3]	See Note 4 “Earnings per share”.

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2024

Mar. 31, 2024

Jun. 30, 2023

Jun. 30, 2024

Jun. 30, 2023

Statement of comprehensive income [abstract]

Income/(loss) for the period

^[1]

$ 3,650

$ 7,439

$ 3,154

$ 11,089

$ 11,926

Items that may be reclassified to income in later periods:

– Currency translation differences

^[2]

698

(1,995)

(267)

(1,296)

286

– Debt instruments remeasurements

(12)

(6)

(7)

(19)

– Cash flow hedging gains/(losses)

100

(80)

– Net investment hedging gains/(losses)

(44)

– Deferred cost of hedging

(6)

(14)

(53)

(20)

(55)

– Share of other comprehensive income/(loss) of joint ventures and associates

(50)

(12)

(10)

(62)

(46)

Total

644

(1,974)

(229)

(1,330)

Items that are not reclassified to income in later periods:

– Retirement benefits remeasurements

310

439

(24)

749

(55)

– Equity instruments remeasurements

(81)

(3)

– Share of other comprehensive income/(loss) of joint ventures and associates

(24)

(32)

Total

273

528

(32)

801

(65)

Other comprehensive income/(loss) for the period

917

(1,445)

(261)

(529)

Comprehensive income/(loss) for the period

4,567

5,994

2,893

10,560

11,934

Comprehensive income/(loss) attributable to non-controlling interest

123

(15)

180

Comprehensive income/(loss) attributable to Shell plc shareholders

$ 4,443

$ 5,937

$ 2,908

$ 10,381

$ 11,866

[1]	See Note 2 “Segment information”.
[2]	1. See Note 8 “Other notes to the unaudited Condensed Consolidated Interim Financial Statements”.

CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions

Jun. 30, 2024

Dec. 31, 2023

Non-current assets

Goodwill

$ 16,538

^[1]

$ 16,660

Other intangible assets

9,387

10,253

Property, plant and equipment

189,656

194,835

Joint ventures and associates

25,098

24,457

Investments in securities

2,972

3,246

Deferred tax

5,888

6,454

Trade and other receivables

^[1]

9,454

9,151

6,808

6,298

Trade and other receivables

^[2]

348

801

Non-current assets

266,150

272,155

Current assets

Inventories

26,449

26,019

50,619

53,273

Cash and cash equivalents

^[2]

11,724

15,098

38,148

38,774

Current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners

126,940

133,164

Assets classified as held for sale

1,692

951

Current assets

128,632

134,115

Total assets

394,783

406,270

Non-current liabilities

Debt

64,619

71,610

Trade and other payables

4,471

3,103

^[2]

2,438

2,301

Deferred tax

15,293

15,347

Decommissioning and other provisions

^[1]

6,701

7,549

22,574

22,531

Non-current liabilities

116,096

122,441

Current liabilities

Debt

10,849

9,931

Trade and other payables

63,943

68,237

Decommissioning and other provisions

^[2]

8,138

9,529

Income taxes payable

4,087

3,422

3,622

4,041

Current liabilities other than liabilities included in disposal groups classified as held for sale

90,639

95,160

Liabilities directly associated with assets classified as held for sale

^[1]

857

307

Current liabilities

91,496

95,467

Total liabilities

207,592

217,908

Equity attributable to Shell plc shareholders

185,407

186,607

Non-controlling interest

1,783

1,755

Total equity

187,190

188,362

Total liabilities and equity

$ 394,783

$ 406,270

[1]	See Note 8 “Other notes to the unaudited Condensed Consolidated Interim Financial Statements”.
[2]	See Note 7 “Derivative financial instruments and debt excluding lease liabilities”.

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
$ in Millions

Total

Share capital

^[1]

Shares held in trust

Other reserves

^[2]

Retained earnings

Non-controlling interest

Beginning balance at Dec. 31, 2022

$ 192,597

$ 190,472

$ 584

$ (726)

$ 21,132

$ 169,482

$ 2,125

Comprehensive income/(loss) for the period

11,934

11,866

11,842

(121)

121

Dividends

^[3]

(4,599)

(4,014)

(585)

^[4]

(8,054)

(22)

(8,054)

Ending balance at Jun. 30, 2023

192

500

(203)

(105)

Other changes

192,094

190,461

562

(227)

20,854

169,272

1,633

Beginning balance at Dec. 31, 2023

188,362

186,607

544

(997)

21,145

165,915

1,755

Comprehensive income/(loss) for the period

10,560

10,381

(494)

10,874

180

170

(170)

Dividends

^[3]

(4,537)

(4,387)

(150)

^[4]

(7,020)

(17)

(7,020)

Ending balance at Jun. 30, 2024

(76)

544

(213)

(406)

Other changes

(98)

(96)

(1)

$ 187,190

$ 185,407

$ 528

$ (454)

$ 20,625

$ 164,709

$ 1,783

[1]	See Note 5 “Share capital”.
[2]	See Note 6 “Other reserves”.
[3]	The amount charged to retained earnings is based on prevailing exchange rates on payment date.
[4]	Includes shares committed to repurchase under an irrevocable contract and repurchases subject to settlement at the end of the quarter.

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2024

Mar. 31, 2024

Jun. 30, 2023

Jun. 30, 2024

Jun. 30, 2023

Statement of cash flows [abstract]

Income before taxation for the period

$ 7,404

$ 11,044

$ 5,348

$ 18,447

$ 19,702

Adjustment for:

– Interest expense (net)

619

576

612

1,195

1,276

– Depreciation, depletion and amortisation

^[1]

7,555

5,881

7,872

13,436

14,157

– Exploration well write-offs

269

554

204

823

440

– Net (gains)/losses on sale and revaluation of non-current assets and businesses

(143)

(10)

(53)

(154)

(98)

– Share of (profit)/loss of joint ventures and associates

(898)

(1,318)

(629)

(2,216)

(2,210)

– Dividends received from joint ventures and associates

792

738

884

1,530

1,780

– (Increase)/decrease in inventories

(954)

(608)

1,171

(1,562)

5,389

– (Increase)/decrease in current receivables

1,965

(195)

8,289

1,770

14,231

– Increase/(decrease) in current payables

^[2]

(1,269)

(1,949)

(4,573)

(3,218)

(15,379)

– Derivative financial instruments

253

1,386

(907)

1,638

(3,244)

– Retirement benefits

(332)

(61)

(392)

– Decommissioning and other provisions

^[2]

(332)

(600)

(282)

(931)

(492)

– Other

^[1]

2,027

509

954

2,536

624

Tax paid

(3,448)

(2,616)

(3,773)

(6,064)

(6,917)

Cash flow from operating activities

13,508

13,330

15,130

26,838

29,289

Capital expenditure

(4,445)

(3,980)

(4,614)

(8,424)

(10,774)

Investments in joint ventures and associates

(261)

(500)

(436)

(761)

(743)

Investments in equity securities

(13)

(80)

(25)

(114)

Cash capital expenditure

(4,719)

(4,493)

(5,130)

(9,211)

(11,631)

Proceeds from sale of property, plant and equipment and businesses

710

323

362

1,033

1,841

Proceeds from joint ventures and associates from sale, capital reduction and repayment of long-term loans

133

100

190

357

Proceeds from sale of equity securities

569

570

Interest received

648

577

522

1,224

970

Other investing cash inflows

883

857

1,908

1,740

2,607

Other investing cash outflows

(920)

(1,494)

(794)

(2,414)

(1,417)

Cash flow from investing activities

(3,338)

(3,528)

(3,015)

(6,866)

(7,253)

Net increase/(decrease) in debt with maturity period within three months

(179)

(107)

(186)

(286)

(272)

Other debt:

– New borrowings

132

167

362

299

777

– Repayments

(4,154)

(1,532)

(1,774)

(5,686)

(3,228)

Interest paid

(1,287)

(911)

(1,158)

(2,198)

(2,027)

Change in non-controlling interest

(115)

(297)

(152)

(412)

(1)

(4)

(5)

(27)

Cash dividends paid to:

– Shell plc shareholders

(2,177)

(2,210)

(1,983)

(4,387)

(4,013)

– Non-controlling interest

(82)

(68)

(575)

(150)

(585)

Shares held in trust: net sales/(purchases) and dividends received

(3,958)

(2,824)

(3,624)

(6,782)

(7,915)

(24)

(462)

(486)

(146)

Cash flow from financing activities

(11,846)

(8,248)

(9,003)

(20,094)

(17,388)

Effects of exchange rate changes on cash and cash equivalents

(126)

(379)

(93)

(505)

199

Increase/(decrease) in cash and cash equivalents

(1,801)

1,175

3,020

(627)

4,848

Cash and cash equivalents at beginning of period

39,949

38,774

42,074

38,774

40,246

Cash and cash equivalents at end of period

$ 38,148

$ 39,949

$ 45,094

$ 38,148

$ 45,094

[1]

See Note 8 “Other notes to the unaudited Condensed Consolidated Interim Financial Statements”.

[2]

To further enhance consistency between working capital and the Balance Sheet and the Statement of Cash Flows, from January 1, 2024, onwards movements in current other provisions are recognised in 'Decommissioning and other provisions' instead of 'Increase/(decrease) in current payables'. Comparatives for the second quarter 2023 and the half year 2023 have been reclassified accordingly by $46 million and $172 million respectively to conform with current period presentation.

CONSOLIDATED STATEMENT OF CASH FLOWS (Parentheticals) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2023

Disclosure of reclassifications or changes in presentation [line items]

– Increase/(decrease) in current payables

^[1]

$ 4,573

$ 15,379

– Decommissioning and other provisions

^[1]

(282)

(492)

Revision of prior period, reclassification, adjustment

Disclosure of reclassifications or changes in presentation [line items]

– Increase/(decrease) in current payables

172

– Decommissioning and other provisions

$ 46

$ 172

[1]

Basis of preparation	6 Months Ended
Basis of preparation	Jun. 30, 2024
Disclosure Of Basis Of Preparation Of Financial Statements [Abstract]
Basis of preparation	Basis of preparation These unaudited Condensed Consolidated Interim Financial Statements of Shell plc (“the Company”) and its subsidiaries (collectively referred to as “Shell”) have been prepared in accordance with IAS 34 Interim Financial Reporting as issued by the International Accounting Standards Board ("IASB") and adopted by the UK, and on the basis of the same accounting principles as those used in the Company's Annual Report and Accounts (pages 244 to 316) for the year ended December 31, 2023, as filed with the Registrar of Companies for England and Wales and as filed with the Autoriteit Financiële Markten (the Netherlands) and Form 20-F (pages 217 to 290) for the year ended December 31, 2023 as filed with the US Securities and Exchange Commission, and should be read in conjunction with these filings. The financial information presented in the unaudited Condensed Consolidated Interim Financial Statements does not constitute statutory accounts within the meaning of section 434(3) of the Companies Act 2006 (“the Act”). Statutory accounts for the year ended December 31, 2023, were published in Shell's Annual Report and Accounts, a copy of which was delivered to the Registrar of Companies for England and Wales, and in Shell's Form 20-F. The auditor's report on those accounts was unqualified, did not include a reference to any matters to which the auditor drew attention by way of emphasis without qualifying the report and did not contain a statement under sections 498(2) or 498(3) of the Act. Going Concern These unaudited Condensed Consolidated Interim Financial Statements have been prepared on the going concern basis of accounting. In assessing the appropriateness of the going concern assumption over the period to December 31, 2025 (the ‘going concern period’), management have stress tested Shell’s most recent financial projections to incorporate a range of potential future outcomes by considering Shell’s principal risks, potential downside pressures on commodity prices and long-term demand, and cash preservation measures, including reduced cash capital expenditure and shareholder distributions. This assessment confirmed that Shell has adequate cash, other liquid resources and undrawn credit facilities to enable it to meet its obligations as they fall due in order to continue its operations during the going concern period. Therefore, the Directors consider it appropriate to continue to adopt the going concern basis of accounting in preparing these unaudited Condensed Consolidated Interim Financial Statements.

Segment information

6 Months Ended

Jun. 30, 2024

Segment information

REVENUE AND CCS EARNINGS BY SEGMENT


Quarters			$ million	Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
			Third-party revenue
9,052	9,195	7,938	Integrated Gas	18,247	18,869
1,590	1,759	1,533	Upstream	3,349	3,595
32,005	30,041	31,517	Marketing2	62,045	63,562
24,583	23,735	23,712	Chemicals and Products2	48,319	50,002
7,222	7,737	9,866	Renewables and Energy Solutions	14,959	25,485
11	11	12	Corporate	22	24
74,463	72,478	74,578	Total third-party revenue1	146,942	161,538
			Inter-segment revenue
2,157	2,404	2,940	Integrated Gas	4,560	6,474
10,102	10,287	8,859	Upstream	20,390	20,005
1,363	1,355	1,273	Marketing2	2,718	2,600
9,849	10,312	9,918	Chemicals and Products2	20,161	20,711
957	1,005	771	Renewables and Energy Solutions	1,962	2,246
—	—	—	Corporate	—	—
			CCS earnings
2,454	2,761	757	Integrated Gas	5,215	3,169
2,179	2,272	1,601	Upstream	4,451	4,390
257	774	1,019	Marketing2	1,031	2,203
587	1,157	307	Chemicals and Products2	1,744	2,060
(75)	553	540	Renewables and Energy Solutions	478	2,745
(1,656)	(354)	(736)	Corporate3	(2,010)	(1,818)
3,747	7,163	3,488	Total CCS earnings4	10,910	12,749

4.See Note 3 "Reconciliation of income for the period to CCS Earnings, Operating expenses and Total Debt".

CASH CAPITAL EXPENDITURE BY SEGMENT

Cash capital expenditure is a measure used by the Chief Executive Officer for the purposes of making decisions about allocating resources and assessing performance.


Quarters			$ million	Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
			Capital expenditure
1,024	858	803	Integrated Gas	1,882	1,500
1,769	1,766	1,936	Upstream	3,535	3,688
644	427	695	Marketing1	1,071	3,423
601	474	624	Chemicals and Products1	1,074	1,183
377	421	483	Renewables and Energy Solutions	797	858
30	34	72	Corporate	64	122
4,445	3,980	4,614	Total capital expenditure	8,424	10,774
			Add: Investments in joint ventures and associates
127	184	286	Integrated Gas	310	401
60	244	93	Upstream	304	211
–	38	14	Marketing	38	23
37	26	3	Chemicals and Products	63	5
35	8	46	Renewables and Energy Solutions	43	91
1	–	(6)	Corporate	2	10
261	500	436	Total investments in joint ventures and associates	761	743
			Add: Investments in equity securities
–	–	–	Integrated Gas	–	–
–	–	–	Upstream	–	–
–	–	–	Marketing	–	–
–	–	2	Chemicals and Products	–	2
13	10	27	Renewables and Energy Solutions	22	46
–	3	51	Corporate	3	65
13	13	80	Total investments in equity securities	25	114
			Cash capital expenditure
1,151	1,041	1,089	Integrated Gas	2,192	1,901
1,829	2,010	2,029	Upstream	3,839	3,899
644	465	709	Marketing1	1,109	3,446
638	500	630	Chemicals and Products1	1,138	1,190
425	438	556	Renewables and Energy Solutions	863	996
32	37	117	Corporate	69	198
4,719	4,493	5,130	Total Cash capital expenditure	9,211	11,631

Reconciliation of income for the period to CCS Earnings, Operating expenses and Total Debt

RECONCILIATION OF INCOME FOR THE PERIOD TO CCS EARNINGS


Quarters			$ million	Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
3,517	7,358	3,134	Income/(loss) attributable to Shell plc shareholders	10,874	11,843
133	82	20	Income/(loss) attributable to non-controlling interest	215	83
3,650	7,439	3,154	Income/(loss) for the period	11,089	11,926
			Current cost of supplies adjustment:
137	(332)	383	Purchases	(194)	1,030
(36)	84	(96)	Taxation	48	(267)
(5)	(28)	47	Share of profit/(loss) of joint ventures and associates	(33)	60
97	(276)	334	Current cost of supplies adjustment	(179)	823
			Of which:
89	(264)	326	Attributable to Shell plc shareholders	(175)	807
7	(12)	8	Attributable to non-controlling interest	(4)	16
3,747	7,163	3,488	CCS earnings	10,910	12,749
			Of which:
3,606	7,093	3,460	CCS earnings attributable to Shell plc shareholders	10,700	12,650
140	70	27	CCS earnings attributable to non-controlling interest	210	99

RECONCILIATION OF OPERATING EXPENSES


Quarters			$ million	Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
5,593	5,810	6,041	Production and manufacturing expenses	11,403	12,049
3,094	2,975	3,314	Selling, distribution and administrative expenses	6,069	6,365
263	212	297	Research and development	475	550
8,950	8,997	9,653	Operating expenses	17,947	18,964

RECONCILIATION OF TOTAL DEBT


Quarters			$ million	Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
June 30, 2024	March 31, 2024	June 30, 2023		June 30, 2024	June 30, 2023
10,849	11,046	12,114	Current debt	10,849	12,114
64,619	68,886	72,252	Non-current debt	64,619	72,252
75,468	79,931	84,366	Total debt	75,468	84,366

Reconciliation of income for the period to CCS Earnings, Operating expenses and Total Debt

6 Months Ended

Jun. 30, 2024

Reconciliation of income for the period to CCS Earnings, Operating expenses and Total Debt

Segment information

REVENUE AND CCS EARNINGS BY SEGMENT


Quarters			$ million	Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
			Third-party revenue
9,052	9,195	7,938	Integrated Gas	18,247	18,869
1,590	1,759	1,533	Upstream	3,349	3,595
32,005	30,041	31,517	Marketing2	62,045	63,562
24,583	23,735	23,712	Chemicals and Products2	48,319	50,002
7,222	7,737	9,866	Renewables and Energy Solutions	14,959	25,485
11	11	12	Corporate	22	24
74,463	72,478	74,578	Total third-party revenue1	146,942	161,538
			Inter-segment revenue
2,157	2,404	2,940	Integrated Gas	4,560	6,474
10,102	10,287	8,859	Upstream	20,390	20,005
1,363	1,355	1,273	Marketing2	2,718	2,600
9,849	10,312	9,918	Chemicals and Products2	20,161	20,711
957	1,005	771	Renewables and Energy Solutions	1,962	2,246
—	—	—	Corporate	—	—
			CCS earnings
2,454	2,761	757	Integrated Gas	5,215	3,169
2,179	2,272	1,601	Upstream	4,451	4,390
257	774	1,019	Marketing2	1,031	2,203
587	1,157	307	Chemicals and Products2	1,744	2,060
(75)	553	540	Renewables and Energy Solutions	478	2,745
(1,656)	(354)	(736)	Corporate3	(2,010)	(1,818)
3,747	7,163	3,488	Total CCS earnings4	10,910	12,749

4.See Note 3 "Reconciliation of income for the period to CCS Earnings, Operating expenses and Total Debt".

CASH CAPITAL EXPENDITURE BY SEGMENT

Cash capital expenditure is a measure used by the Chief Executive Officer for the purposes of making decisions about allocating resources and assessing performance.


Quarters			$ million	Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
			Capital expenditure
1,024	858	803	Integrated Gas	1,882	1,500
1,769	1,766	1,936	Upstream	3,535	3,688
644	427	695	Marketing1	1,071	3,423
601	474	624	Chemicals and Products1	1,074	1,183
377	421	483	Renewables and Energy Solutions	797	858
30	34	72	Corporate	64	122
4,445	3,980	4,614	Total capital expenditure	8,424	10,774
			Add: Investments in joint ventures and associates
127	184	286	Integrated Gas	310	401
60	244	93	Upstream	304	211
–	38	14	Marketing	38	23
37	26	3	Chemicals and Products	63	5
35	8	46	Renewables and Energy Solutions	43	91
1	–	(6)	Corporate	2	10
261	500	436	Total investments in joint ventures and associates	761	743
			Add: Investments in equity securities
–	–	–	Integrated Gas	–	–
–	–	–	Upstream	–	–
–	–	–	Marketing	–	–
–	–	2	Chemicals and Products	–	2
13	10	27	Renewables and Energy Solutions	22	46
–	3	51	Corporate	3	65
13	13	80	Total investments in equity securities	25	114
			Cash capital expenditure
1,151	1,041	1,089	Integrated Gas	2,192	1,901
1,829	2,010	2,029	Upstream	3,839	3,899
644	465	709	Marketing1	1,109	3,446
638	500	630	Chemicals and Products1	1,138	1,190
425	438	556	Renewables and Energy Solutions	863	996
32	37	117	Corporate	69	198
4,719	4,493	5,130	Total Cash capital expenditure	9,211	11,631

Reconciliation of income for the period to CCS Earnings, Operating expenses and Total Debt

RECONCILIATION OF INCOME FOR THE PERIOD TO CCS EARNINGS


Quarters			$ million	Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
3,517	7,358	3,134	Income/(loss) attributable to Shell plc shareholders	10,874	11,843
133	82	20	Income/(loss) attributable to non-controlling interest	215	83
3,650	7,439	3,154	Income/(loss) for the period	11,089	11,926
			Current cost of supplies adjustment:
137	(332)	383	Purchases	(194)	1,030
(36)	84	(96)	Taxation	48	(267)
(5)	(28)	47	Share of profit/(loss) of joint ventures and associates	(33)	60
97	(276)	334	Current cost of supplies adjustment	(179)	823
			Of which:
89	(264)	326	Attributable to Shell plc shareholders	(175)	807
7	(12)	8	Attributable to non-controlling interest	(4)	16
3,747	7,163	3,488	CCS earnings	10,910	12,749
			Of which:
3,606	7,093	3,460	CCS earnings attributable to Shell plc shareholders	10,700	12,650
140	70	27	CCS earnings attributable to non-controlling interest	210	99

RECONCILIATION OF OPERATING EXPENSES


Quarters			$ million	Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
5,593	5,810	6,041	Production and manufacturing expenses	11,403	12,049
3,094	2,975	3,314	Selling, distribution and administrative expenses	6,069	6,365
263	212	297	Research and development	475	550
8,950	8,997	9,653	Operating expenses	17,947	18,964

RECONCILIATION OF TOTAL DEBT


Quarters			$ million	Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
June 30, 2024	March 31, 2024	June 30, 2023		June 30, 2024	June 30, 2023
10,849	11,046	12,114	Current debt	10,849	12,114
64,619	68,886	72,252	Non-current debt	64,619	72,252
75,468	79,931	84,366	Total debt	75,468	84,366

Earnings per share

6 Months Ended

Jun. 30, 2024

Earnings per share [abstract]

Earnings per Share

Earnings per share

EARNINGS PER SHARE


Quarters				Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
3,517	7,358	3,134	Income/(loss) attributable to Shell plc shareholders ($ million)	10,874	11,843

			Weighted average number of shares used as the basis for determining:
6,355.4	6,440.1	6,793.4	Basic earnings per share (million)	6,397.7	6,855.8
6,417.6	6,504.3	6,854.2	Diluted earnings per share (million)	6,461.0	6,917.8

Share capital

6 Months Ended

Jun. 30, 2024

Share Capital, Reserves And Other Equity Interest [Abstract]

Share capital

ISSUED AND FULLY PAID ORDINARY SHARES OF €0.07 EACH


	Number of shares	Nominal value ($ million)

At January 1, 2024	6,524,109,049	544
Repurchases of shares	(199,993,563)	(17)
At June 30, 2024	6,324,115,486	528
At January 1, 2023	7,003,503,393	584
Repurchases of shares	(268,292,487)	(22)
At June 30, 2023	6,735,210,906	562

Other reserves

6 Months Ended

Jun. 30, 2024

Share Capital, Reserves And Other Equity Interest [Abstract]

Other reserves

OTHER RESERVES


$ million	Merger reserve	Share premium reserve	Capital redemption reserve	Share plan reserve	Accumulated other comprehensive income	Total
At January 1, 2024	37,298	154	236	1,308	(17,851)	21,145
Other comprehensive income/(loss) attributable to Shell plc shareholders	—	—	—	—	(494)	(494)
Transfer from other comprehensive income	—	—	—	—	170	170
Repurchases of shares	—	—	17	—	—	17
Share-based compensation	—	—	—	(213)	—	(213)
At June 30, 2024	37,298	154	253	1,095	(18,175)	20,625
At January 1, 2023	37,298	154	196	1,140	(17,656)	21,132
Other comprehensive income/(loss) attributable to Shell plc shareholders	—	—	—	—	24	24
Transfer from other comprehensive income	—	—	—	—	(121)	(121)
Repurchases of shares	—	—	22	—	—	22
Share-based compensation	—	—	—	(203)	—	(203)
At June 30, 2023	37,298	154	220	936	(17,752)	20,854

Derivative financial instruments and debt excluding lease liabilities

6 Months Ended

Jun. 30, 2024

Financial Instruments [Abstract]

Derivative financial instruments and debt excluding lease liabilities

The table below provides the comparison of the fair value with the carrying amount of debt excluding lease liabilities, disclosed in accordance with IFRS 7 Financial Instruments: Disclosures.

DEBT EXCLUDING LEASE LIABILITIES


$ million
	June 30, 2024	December 31, 2023
Carrying amount	49,868	53,832
Fair value¹	45,803	50,866

1. Mainly determined from the prices quoted for these securities.

Other notes to the unaudited Condensed Consolidated Interim Financial Statements

6 Months Ended

Jun. 30, 2024

Other notes to the unaudited Condensed Consolidated Interim Financial Statements [Abstract]

Other notes to the unaudited Condensed Consolidated Interim Financial Statements

8. Other notes to the unaudited Condensed Consolidated Interim Financial Statements

Consolidated Statement of Income

Interest and other income


Quarters			$ million	Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
(305)	907	813	Interest and other income/(expenses)	602	1,294
			Of which:
616	588	599	Interest income	1,204	1,100
30	23	29	Dividend income (from investments in equity securities)	53	29
143	10	65	Net gains/(losses) on sales and revaluation of non-current assets and businesses	154	110
(1,169)	66	7	Net foreign exchange gains/(losses) on financing activities	(1,103)	(229)
74	219	113	Other	293	284

Depreciation, depletion and amortisation


Quarters			$ million	Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
7,555	5,881	7,872	Depreciation, depletion and amortisation	13,436	14,157
			Of which:
5,642	5,654	5,708	Depreciation	11,296	11,404
1,984	382	2,490	Impairments	2,365	3,079
(71)	(154)	(326)	Impairment reversals	(225)	(326)

Taxation charge/credit


Quarters			$ million	Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
3,754	3,604	2,195	Taxation charge/(credit)	7,358	7,776
			Of which:
3,666	3,525	2,195	Income tax excluding Pillar Two income tax	7,192	7,776
88	79	—	Income tax related to Pillar Two income tax	167	—

On June 20, 2023, the UK substantively enacted Pillar Two Model Rules, effective as from January 1, 2024.

As required by IAS 12 Income Taxes, Shell has applied the exception to recognising and disclosing information about deferred tax assets and liabilities related to Pillar Two income taxes.

Consolidated Statement of Comprehensive Income

Currency translation differences


Quarters			$ million	Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
698	(1,995)	(267)	Currency translation differences	(1,296)	286
			Of which:
(406)	(1,983)	(263)	Recognised in Other comprehensive income	(2,388)	288
1,104	(12)	(4)	(Gain)/loss reclassified to profit or loss	1,092	(2)

Amounts reclassified to profit and loss in the second quarter 2024 relate to cumulative currency translation differences that were reclassified to income (refer to Interest and other income above).

Condensed Consolidated Balance Sheet

Retirement benefits


$ million
	June 30, 2024	December 31, 2023
Non-current assets
Retirement benefits	9,454	9,151
Non-current liabilities
Retirement benefits	6,701	7,549
Surplus/(deficit)	2,753	1,602

Assets classified as held for sale


$ million
	June 30, 2024	December 31, 2023
Assets classified as held for sale	1,692	951
Liabilities directly associated with assets classified as held for sale	857	307

Consolidated Statement of Cash Flows

Cash flow from operating activities - Other


Quarters			$ million	Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
2,027	509	954	Other	2,536	624

Segment information (Tables)

6 Months Ended

Jun. 30, 2024

Summary of Information by Segment


Quarters			$ million	Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
			Third-party revenue
9,052	9,195	7,938	Integrated Gas	18,247	18,869
1,590	1,759	1,533	Upstream	3,349	3,595
32,005	30,041	31,517	Marketing2	62,045	63,562
24,583	23,735	23,712	Chemicals and Products2	48,319	50,002
7,222	7,737	9,866	Renewables and Energy Solutions	14,959	25,485
11	11	12	Corporate	22	24
74,463	72,478	74,578	Total third-party revenue1	146,942	161,538
			Inter-segment revenue
2,157	2,404	2,940	Integrated Gas	4,560	6,474
10,102	10,287	8,859	Upstream	20,390	20,005
1,363	1,355	1,273	Marketing2	2,718	2,600
9,849	10,312	9,918	Chemicals and Products2	20,161	20,711
957	1,005	771	Renewables and Energy Solutions	1,962	2,246
—	—	—	Corporate	—	—
			CCS earnings
2,454	2,761	757	Integrated Gas	5,215	3,169
2,179	2,272	1,601	Upstream	4,451	4,390
257	774	1,019	Marketing2	1,031	2,203
587	1,157	307	Chemicals and Products2	1,744	2,060
(75)	553	540	Renewables and Energy Solutions	478	2,745
(1,656)	(354)	(736)	Corporate3	(2,010)	(1,818)
3,747	7,163	3,488	Total CCS earnings4	10,910	12,749

4.See Note 3 "Reconciliation of income for the period to CCS Earnings, Operating expenses and Total Debt".


Quarters			$ million	Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
			Capital expenditure
1,024	858	803	Integrated Gas	1,882	1,500
1,769	1,766	1,936	Upstream	3,535	3,688
644	427	695	Marketing1	1,071	3,423
601	474	624	Chemicals and Products1	1,074	1,183
377	421	483	Renewables and Energy Solutions	797	858
30	34	72	Corporate	64	122
4,445	3,980	4,614	Total capital expenditure	8,424	10,774
			Add: Investments in joint ventures and associates
127	184	286	Integrated Gas	310	401
60	244	93	Upstream	304	211
–	38	14	Marketing	38	23
37	26	3	Chemicals and Products	63	5
35	8	46	Renewables and Energy Solutions	43	91
1	–	(6)	Corporate	2	10
261	500	436	Total investments in joint ventures and associates	761	743
			Add: Investments in equity securities
–	–	–	Integrated Gas	–	–
–	–	–	Upstream	–	–
–	–	–	Marketing	–	–
–	–	2	Chemicals and Products	–	2
13	10	27	Renewables and Energy Solutions	22	46
–	3	51	Corporate	3	65
13	13	80	Total investments in equity securities	25	114
			Cash capital expenditure
1,151	1,041	1,089	Integrated Gas	2,192	1,901
1,829	2,010	2,029	Upstream	3,839	3,899
644	465	709	Marketing1	1,109	3,446
638	500	630	Chemicals and Products1	1,138	1,190
425	438	556	Renewables and Energy Solutions	863	996
32	37	117	Corporate	69	198
4,719	4,493	5,130	Total Cash capital expenditure	9,211	11,631

Reconciliation of income for the period to CCS Earnings, Operating expenses and Total Debt (Tables)

6 Months Ended

Jun. 30, 2024

Summary of Reconciliation of CCS Earnings to Income

RECONCILIATION OF INCOME FOR THE PERIOD TO CCS EARNINGS


Quarters			$ million	Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
3,517	7,358	3,134	Income/(loss) attributable to Shell plc shareholders	10,874	11,843
133	82	20	Income/(loss) attributable to non-controlling interest	215	83
3,650	7,439	3,154	Income/(loss) for the period	11,089	11,926
			Current cost of supplies adjustment:
137	(332)	383	Purchases	(194)	1,030
(36)	84	(96)	Taxation	48	(267)
(5)	(28)	47	Share of profit/(loss) of joint ventures and associates	(33)	60
97	(276)	334	Current cost of supplies adjustment	(179)	823
			Of which:
89	(264)	326	Attributable to Shell plc shareholders	(175)	807
7	(12)	8	Attributable to non-controlling interest	(4)	16
3,747	7,163	3,488	CCS earnings	10,910	12,749
			Of which:
3,606	7,093	3,460	CCS earnings attributable to Shell plc shareholders	10,700	12,650
140	70	27	CCS earnings attributable to non-controlling interest	210	99

Summary of Reconciliation of Operating Expenses

RECONCILIATION OF OPERATING EXPENSES


Quarters			$ million	Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
5,593	5,810	6,041	Production and manufacturing expenses	11,403	12,049
3,094	2,975	3,314	Selling, distribution and administrative expenses	6,069	6,365
263	212	297	Research and development	475	550
8,950	8,997	9,653	Operating expenses	17,947	18,964

Summary of Reconciliation of Total Debt

RECONCILIATION OF TOTAL DEBT


Quarters			$ million	Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
June 30, 2024	March 31, 2024	June 30, 2023		June 30, 2024	June 30, 2023
10,849	11,046	12,114	Current debt	10,849	12,114
64,619	68,886	72,252	Non-current debt	64,619	72,252
75,468	79,931	84,366	Total debt	75,468	84,366

Earnings per share (Tables)

6 Months Ended

Jun. 30, 2024

Earnings per share [abstract]

Schedule of Earnings per Share

EARNINGS PER SHARE


Quarters				Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
3,517	7,358	3,134	Income/(loss) attributable to Shell plc shareholders ($ million)	10,874	11,843

			Weighted average number of shares used as the basis for determining:
6,355.4	6,440.1	6,793.4	Basic earnings per share (million)	6,397.7	6,855.8
6,417.6	6,504.3	6,854.2	Diluted earnings per share (million)	6,461.0	6,917.8

Share capital (Tables)

6 Months Ended

Jun. 30, 2024

Share Capital, Reserves And Other Equity Interest [Abstract]

Summary of Issued and Fully Paid Ordinary Shares

ISSUED AND FULLY PAID ORDINARY SHARES OF €0.07 EACH


	Number of shares	Nominal value ($ million)

At January 1, 2024	6,524,109,049	544
Repurchases of shares	(199,993,563)	(17)
At June 30, 2024	6,324,115,486	528
At January 1, 2023	7,003,503,393	584
Repurchases of shares	(268,292,487)	(22)
At June 30, 2023	6,735,210,906	562

Other reserves (Tables)

6 Months Ended

Jun. 30, 2024

Share Capital, Reserves And Other Equity Interest [Abstract]

Summary of Other Reserves Attributable to Royal Dutch Shell Plc Shareholders

OTHER RESERVES


$ million	Merger reserve	Share premium reserve	Capital redemption reserve	Share plan reserve	Accumulated other comprehensive income	Total
At January 1, 2024	37,298	154	236	1,308	(17,851)	21,145
Other comprehensive income/(loss) attributable to Shell plc shareholders	—	—	—	—	(494)	(494)
Transfer from other comprehensive income	—	—	—	—	170	170
Repurchases of shares	—	—	17	—	—	17
Share-based compensation	—	—	—	(213)	—	(213)
At June 30, 2024	37,298	154	253	1,095	(18,175)	20,625
At January 1, 2023	37,298	154	196	1,140	(17,656)	21,132
Other comprehensive income/(loss) attributable to Shell plc shareholders	—	—	—	—	24	24
Transfer from other comprehensive income	—	—	—	—	(121)	(121)
Repurchases of shares	—	—	22	—	—	22
Share-based compensation	—	—	—	(203)	—	(203)
At June 30, 2023	37,298	154	220	936	(17,752)	20,854

Derivative financial instruments and debt excluding lease liabilities (Tables)

6 Months Ended

Jun. 30, 2024

Financial Instruments [Abstract]

Comparison of the Fair Value with the Carrying Amount of Debt Excluding Lease Liabilities

The table below provides the comparison of the fair value with the carrying amount of debt excluding lease liabilities, disclosed in accordance with IFRS 7 Financial Instruments: Disclosures.

DEBT EXCLUDING LEASE LIABILITIES


$ million
	June 30, 2024	December 31, 2023
Carrying amount	49,868	53,832
Fair value¹	45,803	50,866

1. Mainly determined from the prices quoted for these securities.

Other notes to the unaudited Condensed Consolidated Interim Financial Statements (Tables)

6 Months Ended

Jun. 30, 2024

Other notes to the unaudited Condensed Consolidated Interim Financial Statements [Abstract]

Interest and other income


Quarters			$ million	Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
(305)	907	813	Interest and other income/(expenses)	602	1,294
			Of which:
616	588	599	Interest income	1,204	1,100
30	23	29	Dividend income (from investments in equity securities)	53	29
143	10	65	Net gains/(losses) on sales and revaluation of non-current assets and businesses	154	110
(1,169)	66	7	Net foreign exchange gains/(losses) on financing activities	(1,103)	(229)
74	219	113	Other	293	284

Depreciation, depletion and amortisation


Quarters			$ million	Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
7,555	5,881	7,872	Depreciation, depletion and amortisation	13,436	14,157
			Of which:
5,642	5,654	5,708	Depreciation	11,296	11,404
1,984	382	2,490	Impairments	2,365	3,079
(71)	(154)	(326)	Impairment reversals	(225)	(326)

Taxation charge/ credit

Taxation charge/credit


Quarters			$ million	Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
3,754	3,604	2,195	Taxation charge/(credit)	7,358	7,776
			Of which:
3,666	3,525	2,195	Income tax excluding Pillar Two income tax	7,192	7,776
88	79	—	Income tax related to Pillar Two income tax	167	—

Currency translation differences


Quarters			$ million	Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
698	(1,995)	(267)	Currency translation differences	(1,296)	286
			Of which:
(406)	(1,983)	(263)	Recognised in Other comprehensive income	(2,388)	288
1,104	(12)	(4)	(Gain)/loss reclassified to profit or loss	1,092	(2)

Retirement benefits


$ million
	June 30, 2024	December 31, 2023
Non-current assets
Retirement benefits	9,454	9,151
Non-current liabilities
Retirement benefits	6,701	7,549
Surplus/(deficit)	2,753	1,602

Assets classified as held for sale


$ million
	June 30, 2024	December 31, 2023
Assets classified as held for sale	1,692	951
Liabilities directly associated with assets classified as held for sale	857	307

Cash flows from operating activities - Other

Cash flow from operating activities - Other


Quarters			$ million	Half year
Q2 2024	Q1 2024	Q2 2023		2024	2023
2,027	509	954	Other	2,536	624

Segment information - Revenue and CCS Earnings by Segment (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2024

Mar. 31, 2024

Jun. 30, 2023

Jun. 30, 2024

Jun. 30, 2023

Gains on change in fair value of derivatives

^[1]

$ 74,463

$ 72,478

$ 74,578

$ 146,942

$ 161,538

3,194

1,643

4,247

Operating segments

Integrated Gas | Operating segments

74,463

72,478

74,578

146,942

161,538

Integrated Gas | Inter-segment

9,052

9,195

7,938

18,247

18,869

Upstream | Operating segments

2,157

2,404

2,940

4,560

6,474

1,590

1,759

1,533

3,349

3,595

Upstream | Inter-segment

Marketing | Operating segments

10,102

10,287

8,859

20,390

20,005

Marketing | Operating segments | Revision of prior period, reclassification, adjustment

32,005

30,041

31,517

62,045

63,562

Marketing | Inter-segment

4,944

10,710

Marketing | Inter-segment | Revision of prior period, reclassification, adjustment

1,363

1,355

1,273

2,718

2,600

Chemicals and Products | Operating segments

1,150

2,314

Chemicals and Products | Operating segments | Revision of prior period, reclassification, adjustment

24,583

23,735

23,712

48,319

50,002

Chemicals and Products | Inter-segment

(4,944)

(10,710)

Chemicals and Products | Inter-segment | Revision of prior period, reclassification, adjustment

9,849

10,312

9,918

20,161

20,711

Renewables and Energy Solutions | Operating segments

9,410

19,638

Renewables and Energy Solutions | Inter-segment

7,222

7,737

9,866

14,959

25,485

Corporate | Operating segments

957

1,005

771

1,962

2,246

Corporate | Inter-segment

CCS earnings | Integrated Gas

3,747

7,163

3,488

10,910

12,749

2,454

2,761

757

5,215

3,169

CCS earnings | Upstream

2,179

2,272

1,601

4,451

4,390

CCS earnings | Marketing

CCS earnings | Marketing | Revision of prior period, reclassification, adjustment

257

774

1,019

1,031

2,203

CCS earnings | Chemicals and Products

CCS earnings | Chemicals and Products | Revision of prior period, reclassification, adjustment

587

1,157

307

1,744

2,060

CCS earnings | Renewables and Energy Solutions

(48)

(95)

(75)

553

540

478

2,745

CCS earnings | Corporate

CCS earnings | Corporate | Revision of prior period, reclassification, adjustment

(1,656)

(354)

(736)

$ (2,010)

(1,818)

$ 53

Sales contract

Reversal of (gains) losses on purchase contracts

257

Purchase contract

Reversal of gains on sales contracts

$ 227

$ 235

$ 88

[1]	See Note 2 “Segment information”.

Segment information - Cash Capital Expenditure by Segment (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disclosure of operating segments [line items]
Capital expenditure	$ 4,445	$ 3,980	$ 4,614	$ 8,424	$ 10,774
Investments in joint ventures and associates	261	500	436	761	743
Investments in equity securities	13	13	80	25	114
Cash capital expenditure	4,719	4,493	5,130	9,211	11,631
Operating segments
Disclosure of operating segments [line items]
Capital expenditure	4,445	3,980	4,614	8,424	10,774
Investments in joint ventures and associates	261	500	436	761	743
Investments in equity securities	13	13	80	25	114
Cash capital expenditure	4,719	4,493	5,130	9,211	11,631
Operating segments \| Integrated Gas
Disclosure of operating segments [line items]
Capital expenditure	1,024	858	803	1,882	1,500
Investments in joint ventures and associates	127	184	286	310	401
Investments in equity securities	0	0	0	0	0
Cash capital expenditure	1,151	1,041	1,089	2,192	1,901
Operating segments \| Upstream
Disclosure of operating segments [line items]
Capital expenditure	1,769	1,766	1,936	3,535	3,688
Investments in joint ventures and associates	60	244	93	304	211
Investments in equity securities	0	0	0	0	0
Cash capital expenditure	1,829	2,010	2,029	3,839	3,899
Operating segments \| Marketing
Disclosure of operating segments [line items]
Capital expenditure	644	427	695	1,071	3,423
Investments in joint ventures and associates	0	38	14	38	23
Investments in equity securities	0	0	0	0	0
Cash capital expenditure	644	465	709	1,109	3,446
Operating segments \| Marketing \| Revision of prior period, reclassification, adjustment
Disclosure of operating segments [line items]
Capital expenditure			39
Cash capital expenditure					91
Operating segments \| Chemicals and Products
Disclosure of operating segments [line items]
Capital expenditure	601	474	624	1,074	1,183
Investments in joint ventures and associates	37	26	3	63	5
Investments in equity securities	0	0	2	0	2
Cash capital expenditure	638	500	630	1,138	1,190
Operating segments \| Chemicals and Products \| Revision of prior period, reclassification, adjustment
Disclosure of operating segments [line items]
Capital expenditure			(39)
Cash capital expenditure					(91)
Operating segments \| Renewables and Energy Solutions
Disclosure of operating segments [line items]
Capital expenditure	377	421	483	797	858
Investments in joint ventures and associates	35	8	46	43	91
Investments in equity securities	13	10	27	22	46
Cash capital expenditure	425	438	556	863	996
Operating segments \| Corporate
Disclosure of operating segments [line items]
Capital expenditure	30	34	72	64	122
Investments in joint ventures and associates	1	0	(6)	2	10
Investments in equity securities	0	3	51	3	65
Cash capital expenditure	$ 32	$ 37	$ 117	$ 69	$ 198

Reconciliation of income for the period to CCS Earnings, Operating expenses and Total Debt - Summary of Reconciliation of Income to CCS Earnings (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2024

Mar. 31, 2024

Jun. 30, 2023

Jun. 30, 2024

Jun. 30, 2023

Disclosure Of Reconciliation Of Ccs Earnings To Income [Line Items]

Income/(loss) attributable to Shell plc shareholders

$ 3,517

$ 7,358

$ 3,134

$ 10,874

$ 11,843

Income/(loss) attributable to non-controlling interest

133

215

Income/(loss) for the period

^[1]

3,650

7,439

3,154

11,089

11,926

Current cost of supplies adjustment:

Purchases

137

(332)

383

(194)

1,030

Taxation

(36)

(96)

(267)

Share of profit/(loss) of joint ventures and associates

(5)

(28)

(33)

Current cost of supplies adjustment

(276)

334

(179)

823

Of which:

Attributable to Shell plc shareholders

(264)

326

(175)

807

Attributable to non-controlling interest

(12)

(4)

CCS earnings attributable to Shell plc shareholders

3,747

7,163

3,488

10,910

12,749

of which:

3,606

7,093

3,460

10,700

12,650

CCS earnings attributable to non-controlling interest

$ 140

$ 70

$ 27

$ 210

$ 99

[1]	See Note 2 “Segment information”.

Reconciliation of income for the period to CCS Earnings, Operating expenses and Total Debt - Summary of Reconciliation of Operating Expenses (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disclosure Of Reconciliation Of Earnings To Income [Line Items]
Production and manufacturing expenses	$ 5,593	$ 5,810	$ 6,041	$ 11,403	$ 12,049
Selling, distribution and administrative expenses	3,094	2,975	3,314	6,069	6,365
Research and development	263	212	297	475	550
Operating expenses	67,653	63,659	70,671	131,312	145,339
CCS earnings
Disclosure Of Reconciliation Of Earnings To Income [Line Items]
Production and manufacturing expenses	5,593	5,810	6,041	11,403	12,049
Selling, distribution and administrative expenses	3,094	2,975	3,314	6,069	6,365
Research and development	263	212	297	475	550
Operating expenses	$ 8,950	$ 8,997	$ 9,653	$ 17,947	$ 18,964

Reconciliation of income for the period to CCS Earnings, Operating expenses and Total Debt - Summary of Reconciliation of Total Debt (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023
Disclosure of operating segments [abstract]
Current debt	$ 10,849	$ 11,046	$ 9,931	$ 12,114
Non-current debt	64,619	68,886	$ 71,610	72,252
Total debt	$ 75,468	$ 79,931		$ 84,366

Earnings per share - Schedule of Earnings per Share (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings per share [abstract]
Income/(loss) attributable to Shell plc shareholders	$ 3,517	$ 7,358	$ 3,134	$ 10,874	$ 11,843
Weighted average number of shares used as the basis for determining:
Basic earnings per share (in shares)	6,355.4	6,440.1	6,793.4	6,397.7	6,855.8
Diluted earnings per share (in shares)	6,417.6	6,504.3	6,854.2	6,461.0	6,917.8

Share capital - Summary of Issued and Fully Paid Ordinary Shares (Details)
$ in Millions

6 Months Ended

Jun. 30, 2024

USD ($)

Jun. 30, 2023

USD ($)

Jun. 30, 2024

€ / shares

Jun. 30, 2023

€ / shares

Disclosure of classes of share capital [line items]

Disclosure of classes of share capital [line items]

^[1]

$ (7,020)

$ (8,054)

Share capital

Beginning balance (in shares) | shares

6,524,109,049

7,003,503,393

Repurchases of shares (in shares) | shares

$ 544

$ 584

(199,993,563)

(268,292,487)

Ending balance (in shares) | shares

^[1],[2]

$ (17)

$ (22)

6,324,115,486

6,735,210,906

Share capital | Ordinary shares

$ 528

Disclosure of classes of share capital [line items]

Class A Shares | Share capital

$ 562

Disclosure of classes of share capital [line items]

Par value per share (in eur per share) | € / shares

€ 0.07

[1]	Includes shares committed to repurchase under an irrevocable contract and repurchases subject to settlement at the end of the quarter.
[2]	See Note 5 “Share capital”.

Share capital - Narrative (Details) - Ordinary shares issue mandate € / shares in Units, € in Millions, shares in Millions	May 21, 2024 EUR (€) € / shares shares
Disclosure of classes of share capital [line items]
Common stock, value authorised \| €	€ 150
Common stock, shares authorised (in shares) \| shares	2,147
Par value per share (in eur per share) \| € / shares	€ 0.07

Other reserves - Summary of Other Reserves Attributable to Royal Dutch Shell Plc Shareholders (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2024

Mar. 31, 2024

Jun. 30, 2023

Jun. 30, 2024

Jun. 30, 2023

Disclosure Of Accumulated Other Comprehensive Income Loss [Line Items]

Other comprehensive income/(loss) attributable to Shell plc shareholders

$ 4,443

$ 5,937

$ 2,908

$ 10,381

$ 11,866

Disclosure Of Accumulated Other Comprehensive Income Loss [Line Items]

^[1]

(7,020)

(8,054)

Total

Other comprehensive income/(loss) attributable to Shell plc shareholders

21,145

21,132

(494)

170

(121)

^[1],[2]

(213)

(203)

Disclosure Of Accumulated Other Comprehensive Income Loss [Line Items]

20,625

20,854

20,625

20,854

Merger reserve

Other comprehensive income/(loss) attributable to Shell plc shareholders

37,298

Disclosure Of Accumulated Other Comprehensive Income Loss [Line Items]

37,298

Share premium reserve

Other comprehensive income/(loss) attributable to Shell plc shareholders

154

Capital redemption reserve

154

Disclosure Of Accumulated Other Comprehensive Income Loss [Line Items]

Other comprehensive income/(loss) attributable to Shell plc shareholders

236

196

Disclosure Of Accumulated Other Comprehensive Income Loss [Line Items]

253

220

253

220

Share plan reserve

Other comprehensive income/(loss) attributable to Shell plc shareholders

1,308

1,140

(213)

(203)

Accumulated other comprehensive income

1,095

936

1,095

936

Disclosure Of Accumulated Other Comprehensive Income Loss [Line Items]

Other comprehensive income/(loss) attributable to Shell plc shareholders

$ (17,851)

(17,851)

(17,656)

(494)

170

(121)

Other notes to the unaudited Condensed Consolidated Interim Financial Statements [Abstract]

$ (18,175)

$ (17,752)

$ (18,175)

$ (17,752)

[1]	Includes shares committed to repurchase under an irrevocable contract and repurchases subject to settlement at the end of the quarter.
[2]	See Note 6 “Other reserves”.

Derivative financial instruments and debt excluding lease liabilities - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($)
Derivatives
Disclosure of detailed information about financial instruments [line items]
Decrease in financial liabilities	$ 1,391
Derivatives
Disclosure of detailed information about financial instruments [line items]
Decrease in financial assets	$ 3,374

Derivative financial instruments and debt excluding lease liabilities - Comparison of the Fair Value with the Carrying Amount of Debt Excluding Lease Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2024	Jun. 30, 2023
Financial Instruments [Abstract]
Carrying amount	$ 49,868	$ 53,832
Fair value	$ 45,803	$ 50,866

Other notes to the unaudited Condensed Consolidated Interim Financial Statements - Interest and Other Income (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2024

Mar. 31, 2024

Jun. 30, 2023

Jun. 30, 2024

Jun. 30, 2023

Interest and other income/(expenses)

^[1]

$ (305)

$ 907

$ 813

$ 602

$ 1,294

Of which:

Interest income

616

588

599

1,204

1,100

Dividend income (from investments in equity securities)

Net gains/(losses) on sales and revaluation of non-current assets and businesses

143

154

110

Net foreign exchange gains/(losses) on financing activities

(1,169)

(1,103)

(229)

Other

$ 74

$ 219

$ 113

$ 293

$ 284

[1]	See Note 8 “Other notes to the unaudited Condensed Consolidated Interim Financial Statements”. 3

Other notes to the unaudited Condensed Consolidated Interim Financial Statements - Income statement narrative (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disclosure of impairment loss and reversal of impairment loss [line items]
(Gain)/loss reclassified to profit or loss	$ (1,104)	$ 12	$ 4	$ (1,092)	$ 2
Impairment loss	1,984	382	2,490
Impairment loss, after tax	1,778	$ 332	$ 1,910
Marketing
Disclosure of impairment loss and reversal of impairment loss [line items]
Impairment loss	1,055
Chemicals and Products
Disclosure of impairment loss and reversal of impairment loss [line items]
Impairment loss	690
Renewables and Energy Solutions
Disclosure of impairment loss and reversal of impairment loss [line items]
Impairment loss	$ 141

Other notes to the unaudited Condensed Consolidated Interim Financial Statements - Depreciation, depletion and amortisation (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2024

Mar. 31, 2024

Jun. 30, 2023

Jun. 30, 2024

Jun. 30, 2023

Impairment Of Assets [Abstract]

Total depreciation, amortisation and impairment loss (reversal of impairment loss) recognised in profit or loss

^[1]

$ 7,555

$ 5,881

$ 7,872

$ 13,436

$ 14,157

Depreciation

5,642

5,654

5,708

11,296

11,404

Impairments

1,984

382

2,490

2,365

3,079

Impairment reversals

$ (71)

$ (154)

$ (326)

$ (225)

$ (326)

[1]	See Note 8 “Other notes to the unaudited Condensed Consolidated Interim Financial Statements”. 3

Other notes to the unaudited Condensed Consolidated Interim Financial Statements - Taxation charge/ credit (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2024

Mar. 31, 2024

Jun. 30, 2023

Jun. 30, 2024

Jun. 30, 2023

Major components of tax expense (income) [abstract]

Taxation charge/(credit)

^[1]

$ 3,754

$ 3,604

$ 2,195

$ 7,358

$ 7,776

Of which:

Income tax excluding Pillar Two income tax

3,666

3,525

2,195

7,192

7,776

$ 88

$ 79

$ 0

$ 167

$ 0

[1]	See Note 8 “Other notes to the unaudited Condensed Consolidated Interim Financial Statements”. 3

Other notes to the unaudited Condensed Consolidated Interim Financial Statements - Currency translation differences (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2024

Mar. 31, 2024

Jun. 30, 2023

Jun. 30, 2024

Jun. 30, 2023

Other notes to the unaudited Condensed Consolidated Interim Financial Statements [Abstract]

– Currency translation differences

^[1]

$ 698

$ (1,995)

$ (267)

$ (1,296)

$ 286

Of which:

Recognised in Other comprehensive income

(406)

(1,983)

(263)

(2,388)

288

(Gain)/loss reclassified to profit or loss

$ 1,104

$ (12)

$ (4)

$ 1,092

$ (2)

[1]	1. See Note 8 “Other notes to the unaudited Condensed Consolidated Interim Financial Statements”.

Other notes to the unaudited Condensed Consolidated Interim Financial Statements - Retirement benefits (Details) - USD ($)
$ in Millions

Jun. 30, 2024

Dec. 31, 2023

Other notes to the unaudited Condensed Consolidated Interim Financial Statements [Abstract]

^[1]

$ 9,454

$ 9,151